The Fashion Industry Begins Bailing Itself Out

Like much of the economy, the fashion retail industry has been hit hard by the COVID-19 pandemic. Stores have closed, events have been canceled, and Americans who are rapidly losing their jobs and staying indoors probably won’t be shopping for cute outfits. The Council of Fashion Designers of America (CFDA) and Vogue’s Fashion Fund is hoping to provide a spot of relief with its announcement on Tuesday that they are jointly launching a new initiative called A Common Thread to help distribute funds to people in the American fashion community who have been affected by COVID-19.